2020 BULKERS LTD (2020.OL) Stock Fundamental Analysis
Europe - OSL:2020 - BMG9156K1018 - Common Stock
134.2 NOK
-0.2 (-0.15%)
Taking everything into account, 2020 scores 6 out of 10 in our fundamental rating. 2020 was compared to 18 industry peers in the Marine Transportation industry. 2020 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. 2020 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
2020 had positive earnings in the past year.
2020 had a positive operating cash flow in the past year.
Each year in the past 5 years 2020 has been profitable.
2020 had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 8.48%, 2020 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.12%, 2020 is in line with its industry, outperforming 44.44% of the companies in the same industry.
With a decent Return On Invested Capital value of 8.61%, 2020 is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for 2020 is above the industry average of 9.50%.
The 3 year average ROIC (13.93%) for 2020 is well above the current ROIC(8.61%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.48% | ||
| ROE | 15.12% | ||
| ROIC | 8.61% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
1.3 Margins
The Profit Margin of 2020 (38.37%) is better than 77.78% of its industry peers.
2020's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 49.41%, 2020 belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of 2020 has grown nicely.
2020 has a Gross Margin of 73.68%. This is amongst the best in the industry. 2020 outperforms 94.44% of its industry peers.
2020's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.41% | ||
| PM (TTM) | 38.37% | ||
| GM | 73.68% |
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so 2020 is still creating some value.
Compared to 1 year ago, 2020 has about the same amount of shares outstanding.
The number of shares outstanding for 2020 has been increased compared to 5 years ago.
Compared to 1 year ago, 2020 has an improved debt to assets ratio.
2.2 Solvency
2020 has an Altman-Z score of 2.81. This is not the best score and indicates that 2020 is in the grey zone with still only limited risk for bankruptcy at the moment.
2020's Altman-Z score of 2.81 is amongst the best of the industry. 2020 outperforms 83.33% of its industry peers.
The Debt to FCF ratio of 2020 is 3.94, which is a good value as it means it would take 2020, 3.94 years of fcf income to pay off all of its debts.
2020 has a Debt to FCF ratio of 3.94. This is in the better half of the industry: 2020 outperforms 61.11% of its industry peers.
A Debt/Equity ratio of 0.74 indicates that 2020 is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.74, 2020 is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.94 | ||
| Altman-Z | 2.81 |
ROIC/WACC1.02
WACC8.45%
2.3 Liquidity
A Current Ratio of 3.05 indicates that 2020 has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.05, 2020 belongs to the top of the industry, outperforming 94.44% of the companies in the same industry.
A Quick Ratio of 3.05 indicates that 2020 has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.05, 2020 belongs to the best of the industry, outperforming 94.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.05 | ||
| Quick Ratio | 3.05 |
3. Growth
3.1 Past
2020 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -71.63%.
The Earnings Per Share has been growing slightly by 1.97% on average over the past years.
The Revenue for 2020 has decreased by -52.00% in the past year. This is quite bad
Measured over the past years, 2020 shows a very strong growth in Revenue. The Revenue has been growing by 65.82% on average per year.
EPS 1Y (TTM)-71.63%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-81.62%
Revenue 1Y (TTM)-52%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-65.81%
3.2 Future
2020 is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -11.86% yearly.
2020 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.27% yearly.
EPS Next Y-64.4%
EPS Next 2Y-22.66%
EPS Next 3Y-11.86%
EPS Next 5YN/A
Revenue Next Year-16.32%
Revenue Next 2Y3.05%
Revenue Next 3Y4.27%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.46, the valuation of 2020 can be described as correct.
Based on the Price/Earnings ratio, 2020 is valued a bit more expensive than the industry average as 77.78% of the companies are valued more cheaply.
2020 is valuated cheaply when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 6.67, which indicates a rather cheap valuation of 2020.
2020's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of 2020 to the average of the S&P500 Index (22.94), we can say 2020 is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.46 | ||
| Fwd PE | 6.67 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 2020 indicates a slightly more expensive valuation: 2020 is more expensive than 72.22% of the companies listed in the same industry.
2020's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.88 | ||
| EV/EBITDA | 10.47 |
4.3 Compensation for Growth
2020 has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as 2020's earnings are expected to decrease with -11.86% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-22.66%
EPS Next 3Y-11.86%
5. Dividend
5.1 Amount
2020 has a Yearly Dividend Yield of 16.88%, which is a nice return.
Compared to an average industry Dividend Yield of 35.05, 2020 pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, 2020 pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.88% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
2020 pays out 143.81% of its income as dividend. This is not a sustainable payout ratio.
DP143.81%
EPS Next 2Y-22.66%
EPS Next 3Y-11.86%
OSL:2020 (10/17/2025, 7:00:00 PM)
134.2
-0.2 (-0.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryMarine Transportation
Earnings (Last)
Earnings (Next)
Inst Owners31.64%
Inst Owner ChangeN/A
Ins Owners4.57%
Ins Owner ChangeN/A
Market Cap3.07B
Analysts81.67
Price Target150.45 (12.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.88% |
Yearly Dividend37.76
Dividend Growth(5Y)N/A
DP143.81%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-44.48%
Min EPS beat(2)-91.09%
Max EPS beat(2)2.12%
EPS beat(4)2
Avg EPS beat(4)-33.46%
Min EPS beat(4)-91.09%
Max EPS beat(4)2.12%
EPS beat(8)6
Avg EPS beat(8)4.15%
EPS beat(12)6
Avg EPS beat(12)-1.04%
EPS beat(16)8
Avg EPS beat(16)-1.92%
Revenue beat(2)0
Avg Revenue beat(2)-12.35%
Min Revenue beat(2)-17.25%
Max Revenue beat(2)-7.46%
Revenue beat(4)0
Avg Revenue beat(4)-11.58%
Min Revenue beat(4)-21.48%
Max Revenue beat(4)-0.15%
Revenue beat(8)3
Avg Revenue beat(8)22.55%
Revenue beat(12)5
Avg Revenue beat(12)14.86%
Revenue beat(16)7
Avg Revenue beat(16)11.84%
PT rev (1m)3.51%
PT rev (3m)-5.04%
EPS NQ rev (1m)-6.96%
EPS NQ rev (3m)-3.24%
EPS NY rev (1m)-0.68%
EPS NY rev (3m)-9.13%
Revenue NQ rev (1m)-4.12%
Revenue NQ rev (3m)-0.59%
Revenue NY rev (1m)-1.95%
Revenue NY rev (3m)-0.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.46 | ||
| Fwd PE | 6.67 | ||
| P/S | 5.17 | ||
| P/FCF | 10.88 | ||
| P/OCF | 10.88 | ||
| P/B | 2.04 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | 10.47 |
EPS(TTM)9.97
EY7.43%
EPS(NY)20.12
Fwd EY14.99%
FCF(TTM)12.33
FCFY9.19%
OCF(TTM)12.33
OCFY9.19%
SpS25.94
BVpS65.85
TBVpS65.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.48% | ||
| ROE | 15.12% | ||
| ROCE | 11.19% | ||
| ROIC | 8.61% | ||
| ROICexc | 9.13% | ||
| ROICexgc | 9.13% | ||
| OM | 49.41% | ||
| PM (TTM) | 38.37% | ||
| GM | 73.68% | ||
| FCFM | 47.54% |
ROA(3y)14.61%
ROA(5y)12.95%
ROE(3y)28.88%
ROE(5y)28.22%
ROIC(3y)13.93%
ROIC(5y)12.58%
ROICexc(3y)14.87%
ROICexc(5y)13.42%
ROICexgc(3y)14.87%
ROICexgc(5y)13.42%
ROCE(3y)18.09%
ROCE(5y)16.33%
ROICexcg growth 3Y13.49%
ROICexcg growth 5Y148.43%
ROICexc growth 3Y13.49%
ROICexc growth 5Y148.43%
OM growth 3Y1.88%
OM growth 5Y49.3%
PM growth 3Y3.06%
PM growth 5YN/A
GM growth 3Y0.45%
GM growth 5Y2.23%
F-Score3
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 3.94 | ||
| Debt/EBITDA | 2.88 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 3.83 | ||
| Cash Conversion | 73.11% | ||
| Profit Quality | 123.89% | ||
| Current Ratio | 3.05 | ||
| Quick Ratio | 3.05 | ||
| Altman-Z | 2.81 |
F-Score3
WACC8.45%
ROIC/WACC1.02
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)117.38%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-71.63%
EPS 3Y1.97%
EPS 5YN/A
EPS Q2Q%-81.62%
EPS Next Y-64.4%
EPS Next 2Y-22.66%
EPS Next 3Y-11.86%
EPS Next 5YN/A
Revenue 1Y (TTM)-52%
Revenue growth 3Y-0.52%
Revenue growth 5Y65.82%
Sales Q2Q%-65.81%
Revenue Next Year-16.32%
Revenue Next 2Y3.05%
Revenue Next 3Y4.27%
Revenue Next 5YN/A
EBIT growth 1Y-67.63%
EBIT growth 3Y1.35%
EBIT growth 5Y147.57%
EBIT Next Year-35.35%
EBIT Next 3Y-4.71%
EBIT Next 5YN/A
FCF growth 1Y-7.89%
FCF growth 3Y-18.8%
FCF growth 5YN/A
OCF growth 1Y-7.89%
OCF growth 3Y-18.8%
OCF growth 5Y54.36%